Interested to Buy Any Domain ? << Click Here >> for more details...
what is the Journal entry for Salaries outstanding? Giv an
example.
- 27 Answers
- 165290 Views
- ACS, Apple, Cognizant, Genpact, HSBC, Infosys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sanjaya bbllav mohanty
salary a/c dr
to salary outstanding a/c
wnen paid
salary outstanding a/c dr
to cash / bank cr
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / santosh kumar
First entry for Salary Outstanding:-
Salary A/C Dr
To Outstanding Salary A/C
(Being salary due for the month)
When paid?
Salary Outstanding A/C Dr
To Bank A/C
(Being outstanding salary paid)
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / naresh
Keep in mind every time when you're preparing a journal entry
Assets always shows debit balance
Liabilities always shows credit balance
When payment is not made
Salary Dr
Outstanding salary CR
When payment is made
Outstanding salary Dr
Cash CR
Final entry
salary Dr
To cash CR
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / bala
salary A/c Dr. xxx
To salary outstanding A/c xxx
(being salary for due)
salary outstanding A/c Dr. xxx
To salary A/c xxx
(being salary paid)
| Is This Answer Correct ? | 4 Yes | 7 No |
Answer / yogendra pratap singh
overhead salries A/c Dr
To outstanding salaries a/c
| Is This Answer Correct ? | 0 Yes | 4 No |
Answer / waqar
nononononon
first
salary a/c dr
outstanding salary a/c cr
beginning of year
we transfer outstanding salary to salary expense a/c
by
outstanding salary dr
salary expense a/c cr
and when payment made
salary expense dr
cash /bank cr
| Is This Answer Correct ? | 3 Yes | 20 No |
Answer / subash
salary a/c dr
to salary payable a/c
salary due
salary a/c dr
to bank/cash a/c
payment
| Is This Answer Correct ? | 12 Yes | 34 No |
what is the difference between holding company and parent company
Does any one attented HSBC audit compliance test? Please let me know asap. suraj
WHAT DO U MEAN BY DIVIDENDS. WHAT IS THE TYPE OF DIVIDEND AND IS THIS PROFIT OR INTREST?
What is preferential order of payment to the following in the event of winding up a company? What is the correct order??? 1.Bank loan(secured) 2.Preference share capital 3.Debentures 4.Equity shares
what is surrender of shares?
What is the rate for filling of Company returns?
Can anybody tell when sbh dispatches appointment letters for Clerical for people completed medical and scrutiny of documents on 15/08/09?
0 Answers State Bank of Hyderabad SBH,
what is bonus issue?
How many stock exchanges in India
when is the last date for filling of tds 4 th quarter
STATE & EXPLAIN THE IMPACT OF GLOBAL FINANCIAL CRIS ON CEMENT SECTOR IN INDIA:
give detail expansion about MIS Report?
5 Answers Oriental Bank Of Commerce,
Audit 
